St. Paul daily globe., 1887-08-21
IVES ASSETS.

| were rODD60, ana Wnlcn was nnallH
| diverted to the Omaha road.
IVES ASSETS.
They Look Big, But Do Nof
Amount to Much. Il
NEW YORK, Aug. 2O-The five eSx
pertS who have been at work during tho
past week on statement of the posij
ton of Ives d Co., completed their work.
to-day, and after consultation WITH
Henry S. Ives, who remained in the
office of Cromwell & Sullivan until the
figures were given out, it was decided
to only give brief summary of the lia3
bilitieS, but to give the assets in detailt
The list of assets include many shares
of bank stock, the largest of which isl
| 1,152 shares of the Merchants National
Bank of Toledo. In giving the stater
! ment out the assignee explained that
he made no attempt to appraise the
stocks, and simply took the face value,
although he places the Chemical bank
stock at S2,700 per share. The state1
ment as given by the assignee follOwsS
LIABILITIES.
Loans secured. Observation-Disclosures. 1852 244i
Bills payable secured ........... 1,473S2O
Deposits ................. 8, ,421 093
Miscellaneous. s.................,. 32,569l
Total. SIC ,47s, ,72s
ASSETS.
46 S96 shares Cincinnati, Ham !
ilton Dayton preferred, face
value ..............-...... $4.6S960
p 9O6 shares common: ::-....... 2,79O6O0l
104, ,013 Dayton, Fort Wayne &
$40 shares Terre Haute & In i
diana half stock .......... 442,oo0'
5,93l shares Terre Haute & \
Logansport half stock -. 296,5oo
notes. @ -. ."... 'H. 55,5od
bank -: ..:..............: 22s,ood
bank. k.;........::.....;;..=.. 5000
railroad stock -. 17s,soq
tional Bank of Toledo. ~ lis, 200
35 shares National Bank of
Commerce of New York. $500
25 shares Oregon Railroad and
Navigation company. y......... 2,50U
"a shares Seventh National !
bank. ;.;;........ s,4od
= pany; y;...:...;;.....:;. 800. 10000
fornia railroad ...:...:.;:.... 25o,oOG
railroad, half stock. ..... 80. 2e5,Ood
400 shares New York Central. 100000
1902 shares Cincinnati, Wa i
bash & Michigan railroad. -. 1,2o2,2od
cons. neutrality-suspicious.. ~ = 2z,ood
As. ~. ."se eene ] .......... $4,000
Pennsylvania railroad 412s....... 5,00G
Seneca Falls & Waterloo 6s...... g,0OU
Toledo d Burlington .......... 56,00O
Cincinnati Il Chicago 7s...... 65,O0U
oasnaar Company = A.enlson nr'ase 4.ooo
United States coupon 412s...... SO5, ,OO0i
United States coupon is. ........ $4,000
Cincinnati, Hamilton d Day. 4
Haute Is. 100000
York IS Is. AVN: nv. ~" 1e,5oo
scrip. Observation-Disclosures. q, 3OG
Miscellaneous assets ........... $4,000
Dayton & Chicago lists as col
lateral to certain advances to y
said company...... .......... 1,25O,OOU
Total assets ........... s23, 7e6, 300
This leaves nominal surplus Oh
S., ,3O6, SIC, but in the assets it will be
seen that the assignee has placed 81. .SO0,<
600 Cincinnati, Hamilton d Dayton pre-
ferred stock given to Robert Garrett
among the assets. What could be rev
allied on the 25,906 shares of the COM
mon is question that can only be.
solved by an attempt to sell the securi-
ties, and the same can be said of the,
104, ,401 shares of Dayton, Fort Wayne s.
CnicdSO. Ine large DlOCK OF u nlCe6
States bonds are all hypothecated, and
it will be discovered are the only good
collateral in large loans. In fact, it is.
extremely unlikely that anything
Will be left after the pay
ment of the secured loans.
which already hold the greater part Of
the assets as collateral. The situation,
is made all the worse by the fact that
the railroad stocks depend in great
measure for their value upon the hope Of
realizing after the secured loans were
paid. The 400 shares of New York Gen.;
tral were borrowed in the stock exchange
and put in among. other collaterals in
order to "sweeten them," as the street:
puts it. The great item in the unse-
cured liabilities is the item of deposits,
which amounts to S9,OO0,0O0 and repre-
sents the assets of the railroads which
were deposited with Ives. The largest,
creditor is the Cincinnati, Hamilton &
Dayton, whose claim Is for about S5,000.-
600. If this proves total loss, then the
stock is practically worthless.